Insightful Details of NBPE's Recent Share Buyback Activity
Recent Share Buyback Activity by NB Private Equity Partners
NB Private Equity Partners, known colloquially as NBPE, has recently announced significant movements regarding its Class A Shares, as per the authority granted by its shareholders.
Understanding the Buyback Details
This investment company informed about the repurchase of shares as part of a broader strategy to enhance shareholder value. The buyback was executed through a collaboration with Jefferies International Limited.
Insights on the Transaction
The critical details are as follows:
- Date of Purchase: The shares were bought back on October 10.
- Number of Shares Purchased: A total of 14,907 Class A Shares were repurchased.
- Price Range: Shares were acquired at a price ranging from £14.80 to £15.00.
These strategic repurchases indicate a proactive approach in managing share value, with all bought-back shares set for cancellation, bringing the total outstanding Class A Shares to 44,843,852.
Impacts on Shareholders
For investors, this news signals that NBPE remains committed to maximizing its asset performance. With a strong focus on maintaining and increasing net asset value while providing bi-annual dividends, many investors may view this as a robust sign of the company's health.
Investor Communication
If you’re looking for more details or have specific queries regarding the buyback, you can reach out to:
NBPE Investor Relations:
Phone: +44 20 3214 9002
Email: NBPrivateMarketsIR@nb.com
About NB Private Equity Partners Limited
NB Private Equity Partners invests directly into private equity alongside leading firms across the globe. The company’s approach, managed by NB Alternatives Advisers LLC, focuses on delivering capital appreciation over time.
Competitive Advantages
Unlike many of its peers, NBPE typically does not charge management fees or carried interest to third-party General Partners (GPs), which can be a considerable advantage for shareholders in terms of fee efficiency.
Understanding Neuberger Berman
Neuberger Berman, the parent company overseeing NBPE, continues to operate as a private investment manager with a remarkable history dating back to 1939. The firm has a notable global presence with a vast array of assets under management.
Commitment to Excellence
Recognized repeatedly for its workplace culture and investment management policies, Neuberger Berman actively engages in a variety of investment sectors, maximizing value for clients worldwide. Their ethos revolves around informed management and responsible investment principles.
Frequently Asked Questions
What is the significance of the recent share buyback by NBPE?
The share buyback demonstrates NBPE's commitment to increasing shareholder value and optimizing capital structure.
How many shares were repurchased in the buyback?
NBPE repurchased 14,907 Class A Shares during this transaction.
What is the range of prices for the shares repurchased?
The repurchased shares ranged in price from £14.80 to £15.00.
How does NBPE's investment strategy benefit investors?
The investment strategy focuses on capital appreciation and lower costs, ultimately delivering better returns to shareholders.
Who should investors contact for more information?
Investors can contact NBPE Investor Relations via phone or email provided for any specific inquiries.
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